Magnachip Semiconductor (MX) Expected to Announce Quarterly Earnings on Wednesday

Magnachip Semiconductor (NYSE:MX) is expected to issue its quarterly earnings data before the market opens on Wednesday, February 26th. Analysts expect the company to announce earnings of ($0.22) per share and revenue of $61.57 million for the quarter. Parties that are interested in participating in the company’s conference call can do so using this link.

Magnachip Semiconductor Stock Performance

Shares of MX opened at $4.96 on Monday. The company has a market cap of $184.34 million, a price-to-earnings ratio of -4.27 and a beta of 0.66. Magnachip Semiconductor has a 12 month low of $3.56 and a 12 month high of $6.86. The company has a current ratio of 4.81, a quick ratio of 4.09 and a debt-to-equity ratio of 0.10. The business’s fifty day simple moving average is $4.20 and its two-hundred day simple moving average is $4.39.

Analysts Set New Price Targets

Separately, StockNews.com cut Magnachip Semiconductor from a “hold” rating to a “sell” rating in a report on Friday, January 17th.

About Magnachip Semiconductor

Magnachip Semiconductor Corporation, together with its subsidiaries, designs, manufactures, and supplies analog and mixed-signal semiconductor platform solutions for communications, the Internet of Things, consumer, computing, industrial, and automotive applications. It provides display solutions, including source and gate drivers, and timing controllers that cover a range of flat panel displays used in mobile communications, automotive, entertainment devices, monitors, notebook PCs, tablet PC and TVs applied with liquid crystal display, organic light emitting diodes (OLED), and micro light emitting diode (Micro LED) panel.